Cash-transfer program reduces poverty –WB

THE government’s Pantawid Pamilyang Pilipino Program (4Ps) has been effective in reducing poverty incidence in the country, according to the World Bank (WB).

Ruslan Yemtsov, lead economist in social protection and labor at the WB, on Wednesday said the Pantawid Pamilya is one of the best-targeted social safety net programs in the world, benefiting the country’s poor and most vulnerable families.